Cabinet meet to include works contract under Govt e-Marketplace soon

Sahay initiative will enable small businesses on the portal get loans instantly against orders

The government is working on a proposal of allowing works contract on the public procurement portal — Government e-Marketplace (GeM). And, a Cabinet approval for this is likely soon.

This initiative, when rolled out, will reduce time, standardise processes and enable seamless execution of contracts, said GeM chief executive officer (CEO) Prashant Kumar.

Works contract includes service as well as transfer of goods, such as construction of buildings and roads, as well as setting up of plants, among others.

“Works contract is a huge area. Different government departments follow different norms and conditions in the tender. We want to standardise the whole process